FTSE 100 cleared out the June peak at 6511 and holds gains this morning - a close at post-pandemic highs today would be bullish and calls for return to 6850 area, big multi-year Fibonacci level and early March swing high failure zone. Fundamentals are looking much more positive on UK equities now. As per Goldman Sachs this week the UK is a ‘buy’ is fast becoming the consensus view.
-11% GDP in 2020, no trade deal with the EU and USA showing the middle finger to Boris for good. As soon as the SP starts to drop this will go back down. Hoping for a really bad 2021. The UK deficit and Unemployment are only surpassed by the debt. Worst economy ever. Yet, 8000 on the horizon, right?